Porter Finance is out of Business!
Go see our complaints page for more info, click here.
Porter Finance was an unlicensed binary options broker that opened in 2015. Porter Finance is owned by Oracle Stone Ltd., with offices located at 20-22 Wenlock Road, England N1 7GU. Their phone number is: (646) 693-4074 and in Canada (604) 227-3839. Their email address is firstname.lastname@example.org. For traders complaints, read this.
Porter Finance uses the original Panda Trading Systems, trading platform which has more than 100 assets. You should also check out the upgraded version which Wynn Finance has.
They have 81% payouts on Euro binary options. They have one touch and range options. For high speed trading they offer 30 second, 60 second, 2, 5 and 10 minute options.They offer binary options on commodities like Gold, Silver & Copper. The minimum deposit for new accounts at Porter is $200.
Scam Trading Systems
Warning: Most automated trading robots you hear about actually do not work, read why.
If you want to see a real automated trading system look here.
According to the terms and conditions, section 17
Using these systems on an internet browser without human execution is illegal and may result in position cancellation and/or account suspension.
So there is no reason to use that software, because if you do make money with it, your account will be suspended.
Porter Finance NO License
The main thing we look at when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus?
Porter Finance is not a licensed broker.
The SEC wrote an investor alert regarding binary option scam brokers, Read entire alert on the SEC website here. For an updated list of licensed brokers, see here. Payment processing is handled by: Powercash21 Ltd, Piliou 11-13, Office 401, Quality Towers A, 6037, Larnaca, Cyprus.
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Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”